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Consider the following situation. The production and use of a certain pesticide poses both health and environmental risks to the workers who make the pesticide, those who use it, and the environment. The government regulates certain aspects of its production and distribution and limits its use and release into the environment. These control measures require the manufacturer to pay considerable monitoring and compliance costs, and require users and transport companies to take expensive precautions around its use and transport.
The government is considering a total ban on the production and use of the pesticide. In evaluating the social costs and benefits of the ban, you recognize that the manufacturer, distributors, and users will save substantial amounts because they will no longer need to monitor and control the production and use of the pesticide.
(a) In general terms, what do you consider to be the social benefits of the ban? What are the social costs?
(b) In computing the overall social costs of the ban, is it reasonable to deduct from other social costs the savings arising from not having to monitor and control the pesticide's production and use? Why, or why not?
Why manufacturing firms will always try to go for automation manufacturing system? what will be the reason behind this decision?
A part that is unique to your company and requires significant capital investment in order to produce. Your company is the only one using this part but several vendors have offered to manufacture it for you.
What are the advantages and disadvantages of globalization? Do you agree with NAFTA? Why or why not?2) Many multi-national corporations have secured a foothold in China, and may more are looking to develop a relationship there
business question decision makingwhat are the consequences good or bad for making decisions without thinking
The cost of ordering and transportation from the supplier is Rs.150 per order. The cost of carrying inventory is estimated at 15 % per year of the purchase cost. Find the lot-size that will minimize the cost of the system. Also determine the optim..
Suppose the Nation of Arcadia produces only two goods, teapots and surfboards. If Arcadia produces only teapots it can make 80 per day. If Arcadia produces only surfboards, it can make 30 per day. What is the opportunity cost of 1 teapot in Arcadi..
Step:Act as the shipper and develop and complete the shippers letter of instruction to the freight forwarder.
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Assume that the demand for real money balance (M/P) is M/P=0.6Y-100i, where Y is national income and i is the nominal interest rate (in percent). The real interest rate r is fixed at 3 percent by the investment and saving functions. The expected i..
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Question 8.8. (TCO 3) Advantages of a Limited Liability Corporation (LLC) include all of the following EXCEPT unrestricted member participation in management. pass-through taxation benefits of a partnership.
taking turns ordered steps or a dance?do you see the communication process working more like a turn-taking situation
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